Call Auction Archives - Coin Engineer https://coinengineer.net/blog/tag/call-auction/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 19 Feb 2025 10:13:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Call Auction Archives - Coin Engineer https://coinengineer.net/blog/tag/call-auction/ 32 32 OKX Announces the Listing of a New Token! Here Are the Details https://coinengineer.net/blog/okx-announces-the-listing-of-a-new-token-here-are-the-details/ https://coinengineer.net/blog/okx-announces-the-listing-of-a-new-token-here-are-the-details/#respond Wed, 19 Feb 2025 10:13:33 +0000 https://coinengineer.net/blog/?p=36865 OKX has announced the listing of KAITO (Kaito) on its spot trading market. Users will be able to start depositing KAITO from February 19, 2025. The call auction will take place on February 20, and KAITO/USDT spot trading will open at 1:00 PM UTC. Withdrawals will be available starting February 21. To ensure a smooth

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]]> OKX has announced the listing of KAITO (Kaito) on its spot trading market. Users will be able to start depositing KAITO from February 19, 2025. The call auction will take place on February 20, and KAITO/USDT spot trading will open at 1:00 PM UTC. Withdrawals will be available starting February 21.

To ensure a smooth market entry, order restrictions will apply during the first 5 minutes of trading. Market orders will not be allowed, and each user’s maximum position size will be capped at 10,000 USDT. Additionally, price limits will be in effect for the first 10 minutes to prevent extreme volatility.

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KAITO to Launch with a Call Auction

OKX will implement a call auction mechanism for KAITO trading to maintain an orderly market. Users can place orders during the auction period based on predefined rules. In the final 5 minutes, orders cannot be canceled or modified. Once the auction ends, the opening price set by the project team will be displayed as a reference.

What is KAITO?

KAITO is a project aiming to build an AI-powered financial information network that improves the efficiency of market attention and capital distribution. KAITO is launching with a total supply of 1,000,000,000 tokens.

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]]> https://coinengineer.net/blog/okx-announces-the-listing-of-a-new-token-here-are-the-details/feed/ 0 OKX Lists Nodecoin (NC)! https://coinengineer.net/blog/okx-lists-nodecoin-nc/ https://coinengineer.net/blog/okx-lists-nodecoin-nc/#respond Tue, 14 Jan 2025 08:08:50 +0000 https://coinengineer.net/blog/?p=34843 One of the world’s leading cryptocurrency exchanges, OKX, has excited the crypto community with the announcement of a new altcoin listing. The exchange confirmed that it will add Nodecoin (NC) to its spot trading markets. This development has attracted significant attention, with the listing details now clarified. Nodecoin Trading Process Begins OKX has opened deposits

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]]> One of the world’s leading cryptocurrency exchanges, OKX, has excited the crypto community with the announcement of a new altcoin listing. The exchange confirmed that it will add Nodecoin (NC) to its spot trading markets. This development has attracted significant attention, with the listing details now clarified.

Nodecoin Trading Process Begins

OKX has opened deposits for Nodecoin on January 13, 2025. The NC/USDT trading pair will officially go live in the spot market on January 17, 2025. During this process, a call auction mechanism will be used, allowing users to perform their initial trades starting in the morning.

Trading Schedule:

  • NC deposits: January 13, 2025, at 12:00 PM (UTC)
  • Call Auction: January 17, 2025, from 9:00 AM to 10:00 AM (UTC)
  • Spot trading start: January 17, 2025, at 10:00 AM (UTC)
  • Withdrawals: January 17, 2025, at 2:00 PM (UTC)

The announcement of this timeline marks an essential step for investors to prepare for the trading process.

To control price volatility during the trading launch, OKX will implement a series of restrictions. In the first 5 minutes of trading, market orders will not be allowed, and each limit order will be capped at a maximum value of $10,000 USD. These measures aim to mitigate price fluctuations at the start of trading.

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Additionally, if the trading pair includes a spot index, price limits will also be activated. These limits are designed to stabilize trading volume and ensure fair pricing.

okx

About Nodepay and Nodecoin

Nodepay is an innovative platform that enables users to monetize their unused internet bandwidth for artificial intelligence training processes. This system enhances real-time data retrieval for AI, improving AI inference capabilities.

The platform’s native token, Nodecoin (NC), plays a central role in this infrastructure. With a total supply of 1 billion, Nodecoin offers substantial potential for both investors and platform users.

  • Asset Name: Nodecoin
  • Ticker: NC
  • Smart Contract Address: B89Hd5Juz7JP2dxCZXFJWk4tMTcbw7feDhuWGb3kq5qE

What is the Call Auction Mechanism?

OKX will conduct a call auction process for Nodecoin before the spot trading launch. This mechanism allows users to submit buy and sell orders at their desired prices before the trading pair officially opens. At the end of the auction, an opening price is determined, which will be displayed for informational purposes on the price charts.

During the call auction, submitted orders are evaluated according to OKX’s trading rules, ensuring a fair and balanced starting price while minimizing price volatility.

Warnings for Investors

Cryptocurrency investments carry high volatility and risks, requiring careful consideration. OKX states that the information provided about Nodecoin’s listing is for informational purposes only, and investors should conduct their own research before making any decisions.

Digital assets are speculative and may lead to the loss of an investor’s entire capital. It is essential to assess your risk tolerance and make informed decisions when trading.

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